SpiceJet seeks permission to raise $270 million for fleet expansion

India’s SpiceJet is seeking Reserve Bank of India permission to raise $270 million from Canada’s export finance agency Export Development Canada for aircraft acquisition and expansion of its operations, company officials told wire services in Mumbai.

SpiceJet 737-800. Photo: Courtesy, Boeing.
India’s SpiceJet is seeking Reserve Bank of India permission to raise $270 million from Canada’s export finance agency Export Development Canada for aircraft acquisition and expansion of its operations, company officials told wire services in Mumbai. The fast-growing budget carrier operates a modern fleet of 29 Boeing 737-800 and -900ER aircraft, and is adding seven more 737s this year. It also has ordered 30 Bombardier Q400s, ...